Silver Prices Break $93 per Ounce for First Time in History

The assessment is "likely true" based on overwhelming and consistent evidence from multiple high-authority sources. Numerous reports from Bloomberg, Reuters, and Trading Economics confirm that silver experienced a record-breaking rally in January 2026, setting a new all-time high. Several sources explicitly state the price surpassed $90 per ounce. The most specific evidence comes from Trading Economics, which reports a historical all-time high of $92.93 in January 2026. This figure is extremely close to the $93 mentioned in the statement. While the price may not have technically "surpassed" $93.00 (i.e., >$93.00) based on this specific data point, the statement is substantively correct. The minor discrepancy between a peak of $92.93 and "surpassing $93" is likely attributable to rounding or slight variations in data feeds (e.g., spot vs. futures prices) and does not invalidate the core claim of a new record high at that price level. One Reuters report cites a lower high of $89.10, but this is outweighed by multiple other sources, including another from Reuters itself, which confirm a rally that "cracks-90." The weight of the evidence strongly supports that a new all-time high was set at a price point just shy of or at $93 per ounce.